Globalance Dividend Growers Corp.
$125,000,000.00
12,500,000.00 Securities at $10.00
Initial Public Offering - Closed - Friday, October 23, 2015
Company Description
Globalance Dividend Growers Corp. is a non-redeemable investment fund which focuses primarily on investing in securities of global issuers that exhibit sustainable dividend growth, supplemented by investments in investment-grade fixed income securities to seek to reduce overall portfolio volatility. The Fund will be managed by Middlefield Limited.
| Address: |
1 First Canadian Place, 100 King St. West, 58th Floor Toronto, Ontario, M5X 1A6 Canada |
|---|---|
| Phone Number: | (416) 362-0714 |
| Fax Number: | (416) 362-7925 |
| Website: |
| Industry: | Financial & Investment Services |
|---|---|
| Closing Date: | Friday, October 23, 2015 |
| 1st Day of Trading: | Friday, October 23, 2015 |
| Primary Symbol: | GBF |
| Exchange: | Toronto |
Proceeds
The net proceeds of the offering willl be used to invest primarily in equity securities of dividend grower issuers and investment-grade fixed income securities in accordance with the Fund’s investment objectives, strategy and restrictions and to fund the ongoing fees and expenses of the Fund
| Gross Proceeds: | $125,000,000.00 |
|---|---|
| Underwrting Fees: | $6,562,500.00 |
| Expense Offering: | $600,000.00 |
| Net Proceeds: | $117,837,500.00 |
| Lead Underwriter: | CIBC World Markets Inc. |
|---|---|
| Other Underwriter(s): |
RBC Dominion Securities Inc. BMO Nesbitt Burns Inc. TD Securities Inc. Scotia Capital Inc. GMP Securities Ltd. Dundee Securities Corporation Raymond James Ltd. Middlefield Capital Corporation Canaccord Genuity Corp. Manulife Securities Incorporated Mackie Research Capital Corporation |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | 2.82 % | 2.71 % | 1.11 % | 0.11 % | -9.00 % |
| Post IPO Performance | -1.40 % | -1.40 % | -20.00 % |
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